Based upon further review of the charts, I have made a slight adjustment to the profit target on the HIMX (Himax Technologies Inc) short trade. Although the actual support level comes in around 8.18, T1 has been changed from 8.20 to 8.30 in order to help increase the odds of a fill when covering this trade as the possibility of a powerful oversold bounce are rapidly increasing.

HIMX is trading down sharply today and is down about 30% since the last posted entry less than 3 weeks ago. Although I may still ad one or more additional downside targets to this trade, my preference will be to book full profits at T1 and possibly add HIMX back as a new short trade if we get a new objective short entry following a decent bounce off the 8.20ish level.

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HIMX daily April 14th

HIMX daily April 14th